- Dogecoin overtakes Cardano to grow to be the eighth largest crypto.
- Dogecoin’s surge is fueled by social media buzz & market surge.
- Bitbot, a brand new telegram bot venture, raises $1,378,018 in its seventh stage of the continuing token presale.
In a dynamic flip of occasions, Dogecoin (DOGE) has surged forward, overtaking Cardano (ADA) to grow to be the eighth largest cryptocurrency by market capitalization.
This comes amidst intensifying competitors within the cryptocurrency market, fueled by the emergence of revolutionary initiatives resembling Bitbot, a brand new Telegram bot token.
Dogecoin worth up 100% in a month
Over the previous month, Dogecoin’s worth has seen outstanding worth actions, experiencing a major surge of over 100.83%.
Latest market dynamics counsel that this rise could also be attributed to the thrill created by social media influencers.
In keeping with knowledge from crypto analysts, Dogecoin’s worth surge is intently correlated with elevated social media exercise.
The uptick within the variety of interactions on varied social media platforms has propelled the worth of DOGE upwards.
Nevertheless, regardless of this obvious correlation, technical evaluation of Dogecoin’s worth actions paint a extra cautious image.
Bitbot: the brand new Telegram bot token
Amidst the flurry of exercise within the cryptocurrency market, Bitbot has emerged as a notable participant, providing customers a singular buying and selling expertise immediately throughout the Telegram platform.
Bitbot is a non-custodial Telegram buying and selling bot that goals to degree the monetary taking part in area by offering customers with institutional-grade instruments in a safe and user-friendly bundle. It permits customers to commerce immediately from Telegram whereas sustaining full management of their belongings.
Bitbot affords a variety of options designed to boost the buying and selling expertise, together with automated sniping, restrict orders, copy buying and selling, and yield optimization. These instruments are accessible to all customers, no matter their buying and selling expertise, making superior buying and selling capabilities accessible to a wider viewers.
Ongoing Bitbot presale
At the moment, Bitbot is within the midst of the presale part of its native token ($BITBOT), providing traders the chance to take part in its early phases of improvement.
On the present presale stage, the presale worth of Bitbot tokens (BITBOT) is ready at $0.0134 per token.
Nevertheless, with every stage of the presale, the worth is ready to extend, with the following stage worth anticipated to be $0.0141 per token.
The presale has already raised a major quantity, signalling traders’ curiosity within the venture’s potential.
Is it good to put money into Dogecoin or Bitbot now?
As traders weigh their choices within the cryptocurrency market, the choice to put money into Dogecoin or Bitbot hinges on varied elements.
Whereas Dogecoin’s current worth actions have been spectacular, technical indicators counsel warning, indicating a possible reversal in worth path.
The Aroon indicator for Dogecoin signifies that the upward pattern could also be weakening, probably signalling a reversal in worth path.
Moreover, the Chaikin Cash Move (CMF) indicator has returned a damaging worth, suggesting an outflow of liquidity and elevated promoting stress.
The Transferring Common Convergence Divergence (MACD) indicator additional confirms a downward pattern, with the MACD line crossing under the sign line on March 15.
These technical indicators collectively point out weak spot and a short-term downward pattern available in the market, regardless of the current surge in Dogecoin’s worth.
However, Bitbot affords a novel strategy to cryptocurrency buying and selling, with its distinctive options and revolutionary platform garnering consideration from traders.
Nevertheless, finally, the choice to put money into Dogecoin or Bitbot is dependent upon particular person threat tolerance, funding objectives, and market evaluation.
With each choices presenting alternatives and dangers, traders ought to conduct thorough analysis and search skilled recommendation the place needed earlier than making funding selections, seeing that crypto investments include market volatility dangers.
